Investment Committee News

Nordic Investment Bank (NIB) has signed a seven-year loan to co-finance ferry operator Norled AS’ investments in zero and low carbon vessels and related land-based infrastructure in Norway during 2024-2030.The InvestEU program supports the loan under NIBs Framework Operation Green Mobility and Transport approved by the Investment Committee.This NOK 500 million (EUR 43.4 million) loan will help Norled finance the extension of its low-carbon fleet. This is NIB’s first InvestEU loan in Norway.Norway is electrifying its transport network at a rapid pace…

Allianz just released its 12th Risk Barometer, an annual corporate risk survey incorporating the views of 2,712 risk management experts in 94 countries and territories, including CEOs, risk managers, brokers and insurance experts. The overall global results reveal Cyber incidents and Business interruption as the biggest company concerns for the second year in succession. Macroeconomic developments such as inflation, financial market volatility and a looming recession rose to the third spot followed by the impact of the Energy crisis…

KVH Industries, Inc., announced that its Board of Directors has appointed Brent C. Bruun as President and Chief Executive Officer and a member of the Board. The Board also appointed two seasoned industry executives, David Kagan and David Tolley, as directors of KVH.Bruun first joined KVH in 2008 and has served as KVH’s Interim President and Chief Executive Officer since March 2022. He also served as Chief Operating Officer of KVH beginning in 2016, as well as Interim Chief Financial Officer of the Company.

Trading house Mercuria and Singapore-based asset manager Envysion Wealth Management have agreed to co-invest in mining and energy projects, as default-hit banks tighten their purse strings and leave commodities firms seeking other funding.The deal, signed on Wednesday, will see Mercuria present potential projects for investment to Envysion, founded and led by former Julius Baer banker Veronica Shim. Envysion will then decide whether to participate via a fund with a start-up amount…

Henrik Poulsen, CEO of offshore wind giant Ørsted, who recently announced his decision to step down after eight years with the firm, will join Denmark's maritime giant AP Moller Holding.The A.P. Moller Group comprises of A.P. Moller - Maersk, Danske Bank, Maersk Drilling, Maersk Tankers, Maersk Product Tankers, KK Wind Solutions and A.P. Moller Capital. A.P. Moller Holding is the parent company of the Group.Poulsen will join AP Moller Holding (APMH) as a Senior Advisor and member of its Investment Committee on February 1, 2021.

On May 2, 2017, the French Directorate-General for Armaments (DGA) awarded a contract to renovate three of the five La Fayette-class Frigates (FLF) currently in service with the French Navy to DCNS. Nathalie Smirnov, Head of Services at DCNS, declared, “DCNS thanks the Direction Générale de l'Armement (DGA) for its confidence and welcomes this notification related to the platform and combat system modernization of the La Fayette class frigates. These operations are major and have never been realized so far on this kind of frigate.

Hempel A/S announced that CEO Pierre-Yves Jullien will be succeeded by Henrik Andersen, Group COO of ISS A/S, by March 1st 2016. Henrik Andersen has been with ISS A/S since 2000, since 2011 as Member of the Executive Board, first as Group CFO and from 2013 Group COO, EMEA and following a recent change been appointed in his current position as global Group COO. Prior to returning to Copenhagen in 2011, Henrik spent 7 years in the UK starting as CFO and from 2008 to 2011 as CEO for ISS UK and its 43,000 employees. During his tenure, ISS UK grew from GBP 500m to GBP 925m in turnover and more than doubled earnings. ISS A/S is one of the world´s largest facility services providers with more than 500.000 employees…

The Chinese and British shipping industries are set to take their mutual cooperation to a higher level following the recent signing of a memorandum of understanding (MOU) reports Xinhua. The MOU was signed by the Lord Mayor of London, Fiona Woolf; the Vice President of the Investment Committee at China Merchants Group, Yu Liming; the chairman of Maritime London Jeffrey Evans, and the chief executive of Maritime London Doug Barrow. China Merchants Group is a Chinese state-owned enterprise with a strong presence in the shipping sector…

HALO Maritime Defense Systems (HMDS), announces the addition of Greg Hersch to its Board of Directors. Mr. Hersch replaces John Shephard who will remain involved with the company as a member of the Board of Advisors. Greg is a Senior Vice President in Wealth Management at UBS Financial Services in New York City. He has over twelve years of experience as a financial advisor working with a diverse range of clients from sophisticated family offices and high net worth individuals to institutional relationships such as hedge funds, pension plans and endowments. Greg was recently recognized as one of the 'Top 400 Financial Advisors in America' by the Financial Times…

Non-Profit’s Tribute Celebrates the United States Coast Guard’s Finest in Boston. The Coast Guard Foundation, a non-profit organization committed to the education, welfare and morale of all Coast Guard members and their families, announced today that its Inaugural First District Coast Guard Awards Dinner will take place on Thursday, September 15, 2011 in Boston. The evening’s Master of Ceremonies, ADM Thad W. Allen, USCG (Ret.) former commandant and current Coast Guard Foundation board member…

Frank Larkin has rejoined Crowley Maritime Corporation as vice president of sales and customer care for the company's liner services and logistics groups. He is domiciled in Jacksonville and reports to Steve Collar, senior vice president and general manager, logistics; John Hourihan, senior vice president and general manager, Latin America services; and John Douglass, senior vice president and general manager, Puerto Rico and Caribbean services. Leveraging his commercial background…

The Board of Directors of Chemoil Energy announced that the company’s CEO and Executive Chairman, Robert V Chandran passed away January 7, 2008 from injuries sustained when a helicopter he was traveling in crashed in the Riau Province of Indonesia. In the aircraft with Chandran was Terence Gidlow, Chemoil’s Vice President of Business Development, who was injured but is in stable condition. Chandran built Chemoil Energy into one of the world’s leading independent suppliers of marine fuels since he founded the company in 1981.